Metaverse can pose an ‘existential threat’ to Facebook, warns Meta
Meta (formerly Facebook) is aware that virtual reality can be a “toxic environment” especially for women and minorities, and Metaverse would be an “existential threat” to Facebook if it turned off “mainstream customers from the medium entirely”, the media reported.
According to a report in Financial Times citing an internal memo by Meta CTO Andrew Bosworth, Facebook aims its virtual worlds to have “almost Disney levels of safety”.
However, Bosworth acknowledged that moderating how users speak and behave “at any meaningful scale is practically impossible”, the FT report said on Friday.
Bosworth later posted a blog post, saying that technology that opens up new possibilities can also be used to cause harm, and “we must be mindful of that as we design, iterate, and bring products to market”.
“Harassment in digital spaces is nothing new, and it’s something we and others in the industry have been working to address for years. That work is ongoing and will likely never be finished. It’s continually evolving, though its importance remains constant. It’s an incredibly daunting task,” he noted.
Meta has pledged $50 million for research into practical and ethical issues around its metaverse.
The social network now plans to spend at least $10 billion on metaverse-related projects this year and is changing its financial reporting to separate revenue between Facebook Reality Labs and its family of apps.
The metaverse will be a social, 3D virtual space where you can share immersive experiences with other people, even when you can’t be together in person – and do things together you couldn’t do in the physical world.
“Of course, there are limitations to what we can do. For example, we can’t record everything that happens in VR indefinitely it would be a violation of people’s privacy, and at some point, the headset would run out of memory and power,” Bosworth said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.